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Old 06-06-2007, 10:02 PM
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Re: Smaller profits yields better results?
Quote:
lrushing
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A lot of traders accept that day trading is a game of "odds". So the more trades you can get that go from a risk-based trade with some predetermined stop loss amount to a trade with a breakeven stop,(i.e, FREE trade) the better your chances of making profits consistently.
Exactly.

Hit your first initial target (in this case 1.25 ES pts - 5 ticks).

Then move your stop up to breakeven.

The rest is gravy, far as I'm concerned.